Cobham Advanced Electronic Solutions has a zero tolerance policy towards any form of bribery or corruption and is committed to conducting business in a lawful and ethical way at all times.
The message from our CEO is clear, “the global business environment in which we operate grows ever tougher and presents us with unprecedented challenges. Some things remain clear and constant and we maintain a zero tolerance policy towards any kind of bribery or corruption, or retaliation for raising a concern”.
An Anti-bribery/Anti-corruption Risk Assessment is carried out on a regular basis within all businesses areas. In addition to the usual risk assessments carried out as part of Cobham Advanced Electronic Solutions’ risk management program, a periodic ‘deeper dive’ risk assessment is conducted, typically by way of a questionnaire circulated to selected employees , from differing levels and functions. The results of these risk assessments are reviewed, consolidated and then reported to the audit committee. This provides a greater insight as to the areas of focus and forms the basis for improvements to be integrated into the annual the Cobham Ethics & Compliance Program Plan (CECP).
A periodic external review of the program is also conducted. The results are reported to the audit committee. Any recommended areas for improvement are included into the CECP.
All Cobham Advanced Electronic Solutions employees must comply with the Anti-bribery/Anti-corruption policy at all times. This policy is applicable to all employees and board members without exception. The policy specifies they must never offer, promise, or agree to receive or accept a bribe, kickback, facilitation payment or other unlawful benefit, or engage in any other prohibited activity. The prohibition applies to business dealings in all circumstances. This includes dealings with those representing other organizations as well as private individuals and government/public officials. It also applies irrespective of the motive - whether that may be to obtain or retain business or to otherwise influence an individual, an organization or a government/public official to act improperly for the benefit of Cobham Advanced Electronic Solutions.